700USD Billion Bailout?

Am I agree with the 700 USD bailout? partly yes. I think the market need the capital injection and what is more important is market confidence. However, some issues need to be tackle carefully as it involve other effect s.a. the effectiveness of the bailout, the monitoring mechanism, the plan b....plan c...plan d approach, the source of fund, the amount of deficit in budget, and the list will go on. However, if this strategy fail, hemmmmmm , the economic scenario will become chaotic (or is it the beginning of apocalypse? economic chaotic -> political instability -> social unrest-> ........)

I remember when Malaysia use similar strategy in Asian Financial crisis 1997, many so-called economists (especially the free market warlords)condemn the mechanism as it perceived as cronysm and anti free market. BULLSHIT. They condemn capital control as anti establishment, they condemn tight regulation. Now they use the same medicine to cure their economic headache. By the way, Malaysia government has established one company (known as Khazanah) and this company has bailout few companies and Non performing Loan from Malaysia Banks. This has help to stabilise the Malaysian Banking systems. In fact after the crisis and until now, Khazanah has been a well establised as a successful government investment arm, not just in Malaysia but also at the international level. since early 2000 and until now, Khazanah has make a handsome profit. All the NPL acquired has been successfully restructed and sell at a higher price.

sub prime crisis

Everybody discussing the current financial turmoil. Damn i hate capitalist and imperialist. it make rich people richer and poor people become poorer. All things done will be justified as "nothing personal it just business (Donald Trump trademark=i really hate this guy, arrogance)" or this is free market, market will determine everything. In my humble opinion, all this happen due to greedy !!!speculators speculate the market and sometimes influence the market by creating unnecessary panic. Sometimes they making profit even without they actually have money on hand e.g. short selling. No wonder in Islamic finance (the real one not the conventional repackaging system hehehhe) speculation is haram (prohibited). I still remember in one interview between BBC and George Soros in the late 90s, the interviewer ask the justification of George Soros attacking the Central Bank of England in 1992. As usual , free market and fundamental flaws has been the main excuses. Then , the interviewer condemn him as his act cause many people jobless and the England economy face set backs. Soros try to justified by saying he is a philantropist...... damn .... are you trying to say you are a good guy? or you are robin hood? ask the interviewer ... hheheheh Soros did not reply his question. Asian financial Crisis in 1997 really make our life hard. We still feel the pain, and yet another crisis come. Oh my God.